About National Insurance
National Insurance Company Limited is one of the oldest state-owned general insurance companies in the country. The organization was incorporated on 5th December 1906 in Kolkata. 66 years after its incorporation, the company was nationalized in 1972. It established mergers with 11 Indian and 21 foreign companies.
The company offers a variety of general insurance policies and car insurance is one of them. It offers two types of car insurance policies namely third-party car insurance policies and comprehensive car insurance policies both of which come at affordable premiums. Apart from car insurance, the insurer offers industrial insurance policies, personal insurance policies, and rural insurance policies. The brand is the first Indian insurance company to step into strategic mergers with India’s largest automobile manufacturer ‘MARUTI’ and the biggest two-wheeler manufacturer in the country ‘HERO MOTO CORP’.
There are a total of 1998 offices across the country and a workforce of 14902 skilled employees. National Insurance is known as India’s second-largest non-life insurance company. It might interest you to learn that National occupies major market shares in the field of two-wheeler and car insurance. National Insurance earns an issuer credit rating of B++ and the same for financial strength. This pretty much signifies the company’s impeccable presence in India’s insurance market.
National Car Insurance
When it comes to car insurance, National General Insurance offers two types of car insurance plans which comprise third party car insurance policy and a comprehensive car insurance policy. The former is the basic and compulsory car insurance plan to carry while driving, which covers your financial liabilities towards a third party arising after an accident with the involvement of the insurer car, while the latter is a policy which is designed to protect the insured as well as his or her car from financial losses and damages after an accident or any mishap such as theft, fire, natural calamity or man-made disaster.
However, to enhance the car insurance policy coverage, one can purchase add-on cover(s), by paying a little extra premium amount, offered by the insurance company to ensure all-round safety when hitting the road. The add-on covers provided by the insurer are Nil depreciation, Nil depreciation plus for Private Cars, invoice protects, NCB protect, and engine protect. In addition to these offerings, policyholders can also achieve a No Claim Bonus as a reward for completing a policy year without making any claim on their own-damage premium, which they can avail during the renewal of the policy. This discount may accumulate with every claim-free year and range from 20% to a maximum of 50%.
Significant Points of National Car Insurance
Third Party Property Damage
Up to Rs. 7.5 Lakh
Own Damage Cover
Coverage for Own Car for Its Loss and Damage
Personal Accident Cover
Up to Rs. 15 Lakh for the Owner-Driver and Up to 2 lakh for Unnamed Co-passengers.
6 Add-on Covers
24/7 Claim Assistance
What is your car's brand?
National Car Insurance Add-Ons
Zero Depreciation Cover
Car is a depreciating asset and so are the parts of a vehicle. Choosing a zero-depreciation cover ensure that an amount deducted due to depreciation of parts like rubber, metal, plastic, nylon and others are payable by the insurance company. The above-mentioned parts must be repaired or replaced at an authorized garage
No Claim Bonus Protection Cover
For every claim-free year, you are rewarded with a No Claim Bonus. You can earn as much as 50% of No Claim Bonus. However, once you have requested for a claim, the bonus becomes nil. Buying an NCB protection cover helps you in retaining your bonus after you have settled a claim
Return to Invoice Cover
In unfortunate circumstances of theft or robbery, loss incurred by a car owner is severe. If the vehicle is not traced, it is soon declared as total loss. This is when having a return to invoice cover comes handy. The add-on benefits one by reimbursing the insured car’s invoice price. The price includes both road tax and registration charges
Please Note: A ‘No Trace Report’ must be provided by the Police confirming that the insured car has been stolen and is nowhere to be found
Roadside Assistance Cover
Roadside assistance is a much-needed cover. If your car bumps into another vehicle, leading to a severe collision or if your car encounters a sudden breakdown, add-ons like roadside assistance comes of great use. Services like towing, retrieval of keys, replacement of flat tyres, refuelling, flat battery jump start, transport facilities and other services are provided without any delay
Please Note: If a vehicle has been used for the purpose of motor sports, rallying or any other forms of racing, benefits of this cover will not be applicable
**Conditions are subjected to change depending upon the insurance company. **
Key Protect Cover
Keys can be lost or damaged in a collision. Changing the lockset or replacing your car keys is expensive. With this add-on in hand, all your expenses are covered. Please Note:
- There should not be more than 2 claims in a policy period
- Claims due to theft and robbery of a car must be reported to the Police. A FIR copy must be furnished
- Loss or damage of the keys must be informed within 7 days
- Keys will be replaced only when damaged or broken. In case of theft, one must hand out the other pair of car keys to the insurer
**Conditions are subjected to change depending upon the insurance company.**
National Car Insurance Claim Process
Go to The WorkshopIt is important to drive your vehicle to the nearest workshop. You can also get your car towed at the earliest
The Survey Process BeginsOnce the claim has been registered, a surveyor is appointed in 24-48 working hours
Handing Out the DocumentsProvide your insurance company a few essential documents. These include RC, DL, Claim Intimation Form, Repair Estimate, Policy Copy and PAN Card
Survey is doneA thorough survey of the vehicle is completed by the surveyor in 24-48 working hours
The Surveyor Makes His DecisionOnce the survey is completed, it is in the hands of the surveyor to either accept the claim or reject it. Repair works begin only after approval
Delivery Order Is Finally IssuedPost all repair works, a final survey is done. Soon after, the delivery order is issued
How Is the Process Different in Non-Cashless?For non-cashless claims, customer has to pay upfront all expenses of repair. The finalized claim amount is then reimbursed
223 National Cashless Garages in India
Must Read Articles before buying National Car Insurance
- The lack of adequate knowledge of insurance plans leaves policy buyers confused. Particularly when it comes to insurance for your car.
- What to do after a car accident? Let's learn do’s and don'ts after a car accident.
- Looking for national insurance policy copy download? Know the step by step process of downloading a national insurance policy status.
- Know factors influencing hatchback car insurance premium.
- What is no claim bonus (ncb) in car insurance? No claim bonus (NCB) is a discount given to you as the policyholder at the time of renewing your car.
National Car Insurance User Reviews
- Most Helpful
National Car Insurance FAQs
Why should I switch my car insurance policy to NIC?
National Insurance is a top brand to begin with. You can avail several benefits when you have opted for NIC as your preferred motor insurance partner. Here’s a few:
- Buying or renewing policy online is a quick and seamless experience
- Settling claims is easier done than thought. It’s quick and hassle-free
- Avail 24*7 assistance
- Diverse list of add-ons to choose from
- National Insurance offer discounts other than zero depreciation
How do I purchase a NIC car insurance policy?
Gone are the days when you had to drop by a branch and make payments for your insurance premium. Give us a call on 7551196989. You can compare from multiple options and make payment online via credit card, debit card or net banking
Settling claims with National Insurance – Is it easy?
Yes, it is! To request for a claim, you must begin by informing the insurance company. A surveyor is appointed, followed by a thorough survey of the insured vehicle. Repairs and replacements are done, and your claim is settled. In case of non-cashless, the agreed claim amount is reimbursed soon after the repairs are completed
Do I need to have a motor insurance policy from National Insurance?
It is mandatory to insure your vehicle with a liability only policy at-least. Buying motor insurance from NIC benefits you in n number of ways. You can avail the advantage of 24*7 assistance, hassle-free claim settlement, convenient and seamless shopping experience and others
How to make changes to an existing car insurance policy from National Insurance?
Making changes to an existing policy is not as hard as it sounds. It is important to maintain communication with the insurance company. Alteration of a name, modifications in a car, change of communication address, phone number and so on so forth is done by the insurer. The process is known as endorsement
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Add-ons For Your National Car Insurance
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